Benben23, Home Buyer in Colorado Springs, CO

I HAVE A SALLIE MAE LOAN THAT SHOWS A 5200 BALANCE WITH A HIGH LIMIT OF 4000, IS THIS AFFECTING MY CREDIT SCORE,

Asked by Benben23, Colorado Springs, CO Thu Apr 14, 2011

SHOULD I PAY THIS THING DOWN TO LIKE 2500 TO RAISE MY SCORE TO GET A MORTGAGE OR SHOULDI PAY IT OFF COMPLETELY

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Answers

1
Many factors come into improve the credit scores. Your entire credit bureaus files would need be reviewed determine what the best direction to take.

Paying down a balance will increase your scores however THERE could be other options

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
0 votes Thank Flag Link Thu Apr 14, 2011
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